Nykaa CEO Falguni Nayar reports strong demand for beauty and fashion despite reduced discretionary spending

  • Nykaa CEO Falguni Nayar reported strong underlying demand for beauty and fashion despite cut in discretionary spending.
  • She noted that listed companies are governed by year-on-year comparisons, and that growth had to be on top of a strong number.
  • She made these comments following the results announcement on Monday.
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